- Seres secured approximately CNY 6.67 billion in fresh capital for Chongqing Landian Technology.
- Five investors, including Xingyu, committed funds through cash investments under agreed terms.
Seres announced on May 26 that Chongqing Landian Technology Co., Ltd., a sub-brand operating under Seres Auto (Hubei) Co., Ltd., has secured a total capital increase of approximately CNY 6.67 billion as of May 25, 2026. The funding commitment comes from five participating investors and is intended to strengthen the company's financial resources for future business development. Among the investors is Changzhou Xingyu Automotive Lighting Co., Ltd. (Xingyu), alongside several investment and industrial technology firms.
The largest contribution will come from China-based Chongqing Shaci Zhiyuan New Energy Technology Partnership (Limited Partnership), which plans to invest approximately CNY 3.43 billion in cash. In addition, Chongqing Yuehang Jiasheng Enterprise Management Partnership (Limited Partnership) intends to provide approximately CNY 1.64 billion in cash. According to the announcement, both investments will be made in installments based on the agreed funding schedule outlined between the parties.
Capital Increase Participation Details
The capital increase involves multiple investors contributing different amounts under specified payment arrangements. The investment structure highlights substantial financial backing for Chongqing Landian Technology and reflects continued interest in automotive-related technology businesses.
Investor Contributions to Chongqing Landian Technology
| Investor | Investment Amount (Approx.) | Payment Arrangement |
|---|---|---|
| Chongqing Shaci Zhiyuan New Energy Technology Partnership | CNY 3.43 Billion | Installments |
| Chongqing Yuehang Jiasheng Enterprise Management Partnership | CNY 1.64 Billion | Installments |
| Ningbo Meishan Bonded Port Zone Wending Investment Co., Ltd. | CNY 980 Million | After Contract Signing |
| Jiangsu Bojun Industrial Technology Co., Ltd. | CNY 510 Million | After Contract Signing |
| Xingyu | CNY 100 Million | After Contract Signing |
Ningbo Meishan Bonded Port Zone Wending Investment Co., Ltd. has committed approximately CNY 980 million in cash, while Jiangsu Bojun Industrial Technology Co., Ltd. plans to invest around CNY 510 million. Xingyu will contribute approximately CNY 100 million. These three investments are scheduled to be completed after the relevant agreements are signed by the participating parties.
The announced capital increase represents a significant financing transaction for Chongqing Landian Technology. By securing commitments from multiple investors, the company strengthens its capital base while maintaining the funding structure and payment conditions disclosed in the official announcement. The transaction demonstrates continued financial support from investment entities and industry participants involved in the automotive and technology sectors.
Frequently Asked Questions
What is the total capital increase secured by Chongqing Landian Technology?
The total capital increase secured by Chongqing Landian Technology is approximately CNY 6.67 billion. The funding was announced by Seres and involves five participating investors contributing cash through different investment arrangements. Two investors will provide funding in installments, while three investors will complete their investments after contract signing. The capital increase strengthens the company's financial position and provides additional resources to support its future business development activities.
Which companies are participating in the investment round?
Five investors are participating in the capital increase transaction for Chongqing Landian Technology. They include Chongqing Shaci Zhiyuan New Energy Technology Partnership, Chongqing Yuehang Jiasheng Enterprise Management Partnership, Ningbo Meishan Bonded Port Zone Wending Investment Co., Ltd., Jiangsu Bojun Industrial Technology Co., Ltd., and Changzhou Xingyu Automotive Lighting Co., Ltd. Together, these investors have committed approximately CNY 6.67 billion through cash investments under the terms disclosed in the announcement.
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